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Yet Another Recall on My Car?

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My little car appears like it will be recalled for the third time. It’s not official yet because I haven’t received word from the manufacturer, but I just read a story on the recall. For this possible third time, it is for the engine.

The closest dealer to our home is over 2 hours away. We never took it in for the floor boards because that is an extensive repair that could take more than a day to complete. With the faulty engine part, chances are it will definitely take more than a day. We could either stay in a motel (and miss work) and hope it can be done in two days. Or, rent a car while down there to drive back home and just drive back down when the car is done.

Either way, it will cost a bit and that’s why we haven’t taken it in for the floor boards. But with the engine problem, that should probably be repaired soon.

Our car has been very reliable and we really haven’t paid that much for repairs. But the recalls are hurting our wallet. I think I just moved myself to write a letter to the company asking why they do not allow a mechanic in our area to perform the repairs.

July Monthly Debt Payments

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This month is looking pretty sweet in terms of minimum debt payments:

Mortgage: $323
Auto Loan: $258 (will be paid off in September – only 2 more payments!)
School Loans: $208
Credit Cards: $378
Prosper Loan: $113

Total Payments: $1280

NOTE: There is one credit card that I transferred a balance to that has not issued the first statement yet, so the credit card payments will be higher in August.

Debt to Income Ratio: 34%

June’s Payments:

Total Payments: $1,513
Debt to Income Ratio: 45%

Awesome to see both numbers go down 🙂